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WHUT (Howard University Television) 2
English 22
Search Results 0 to 21 of about 22 (some duplicates have been removed)
Feb 7, 2013 9:00pm PST
at justice, lanny breuer, says the problem is that greed is not necessarily criminal. >> i am personally offended by much of what i have seen. i think there was a level of greed, a level of excessive risk taking in this situation that i find abominable and i find very upsetting. but that is not what makes a criminal case. what makes a criminal case is that i can prove beyond a reasonable doubt every element of a crime. >> narrator: some former prosecutors believe the problem is a lack of effort. >> the justice department failed. they have not done what needed to be done. they didn't ever try to bring together one coherent narrative, laying out the entirety of the story, against one of the major plays and demand sanctions that are meaningful. that to me is what has been fundamentally lacking. >> narrator: the story of how the big banks amassed enormous fortunes packaging home loans into securities and selling them to investors all over the world began, of course, on the ground with mortgage originators. >> what my econ i prof taught us was business goes in cycles. my name is michael winst
Feb 3, 2013 6:30pm PST
i made it an incredibly top priority. >> that's lanny breuer, the assistant attorney general in charge of the criminal division at the justice department. a week after the frontline report, he stepped down and is now expected to return to private corporate practice, one more government appointee spinning through the lucrative revolving door between washington and wall street. that door could be a big reason why government treats the banks with kid gloves. a man who once worked for citigroup, jack lew, the president's chief of staff, has been picked to be the new treasury secretary. and mary jo white, the newly named head of the securities and exchange commission, is a chief litigator at a top law firm representing big investment banks like morgan stanley. with all this happening, it's time to talk with journalist matt taibbi. you've seen him on our broadcast before. a contributing editor at "rolling stone," he's been tracking the high crimes and misdemeanors of wall street and washington for years. welcome back to the show. >> thanks for having me. >> you're working on a stor
Feb 27, 2013 12:00am PST
would step up to the plate and prosecute and be aggressive. it hasn't happened. lanny breuer, head of the criminal justice division, major, major disappointment. i'm glad he is leaving. he has been an abject failure. >> if they did any investigating at all, how can they not find these e-mails? that. >> is the fascinating question there are a set of documents produce bade company called clayton that was a due diligence company that years ago was hired by the banks to go in and say are these mortgages good? and as you said in the top of the segment, they found out the mortgages were bad. so what did the banks do with that information? suppressed it. anybody who had done a good investigation would have seen this, charged the banks, charged individuals, and said let's finally unravel this daisy chain that is killing our economy. >> this is the dot that needs to be connected for the american people. this drove us right damn near off the cliff. and it's cost the american taxpayers a boatload of money because we've had to subsidize what, a stimulus package that has put us further in debt
Feb 16, 2013 3:00am EST
, isn't it? >> that's absolutely what it seems to be. we asked. i asked lanny breuer, chief of the criminal division at the justice department about some comments he made about deferred prosecution agreements that he said that he had lost sleep at night, worried about the consequences, the collateral damage that would result from charging a bank with criminal fraud. so, you know, if there is -- if we need an admission that these banks are too big to fail and too big to jail, that was it. >> what impact in dollars could actual regulation have on the banks? i mean, they're going to make a profit. they have always made a profit. but this is the greedy fast lane. what impact could it have? >> the important issue, ed, we have artificially depressed interest rates to prop up these banks. the bankers today were telling politico and the "new york times" deal book, oh, we're perfectly robust and healthy there is nothing wrong with our books. yeah, because you're getting a massive subsidy from the federal government that is effectively transferring money from savers to prop up these b
Search Results 0 to 21 of about 22 (some duplicates have been removed)